A Global Hunt for Cheap Stocks

Ralf Scherschmidt has led the Oberweis International Opportunities Fund to index-stomping annualized returns of 23.5% for the past three years.

Companies projecting good things ahead are like the boy crying "wolf." Usually, there's no wolf. On the other hand, a habit of ignoring them can come back to bite you.

Ralf Scherschmidt listens when underappreciated small companies talk about their growth potential. Often, the market fails to give a stock early credit for an improved outlook. That's especially true when the company is based in a foreign developed market –...